Union Pacific Corporation $UNP Shares Purchased by IFP Advisors Inc

IFP Advisors Inc increased its stake in shares of Union Pacific Corporation (NYSE:UNP) by 28.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,309 shares of the railroad operator’s stock after buying an additional 4,304 shares during the quarter. IFP Advisors Inc’s holdings in Union Pacific were worth $5,252,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cambient Family Office LLC acquired a new stake in shares of Union Pacific during the 4th quarter worth about $1,319,000. First National Bank of Omaha raised its holdings in Union Pacific by 35.8% in the 4th quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock valued at $12,665,000 after buying an additional 14,399 shares during the period. North Dakota State Investment Board acquired a new position in Union Pacific in the fourth quarter valued at about $4,746,000. Sage Investment Advisers LLC acquired a new position in Union Pacific in the fourth quarter valued at about $997,000. Finally, National Pension Service boosted its stake in Union Pacific by 1.2% during the fourth quarter. National Pension Service now owns 1,316,496 shares of the railroad operator’s stock worth $304,532,000 after buying an additional 15,785 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. JPMorgan Chase & Co. upped their price objective on shares of Union Pacific from $304.00 to $334.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Erste Group Bank assumed coverage on shares of Union Pacific in a research report on Thursday, August 27th. They set a “buy” rating for the company. Benchmark lifted their target price on shares of Union Pacific from $325.00 to $335.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, TD Cowen reiterated a “buy” rating and issued a $325.00 target price (up from $282.00) on shares of Union Pacific in a report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $320.89.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $285.27 on Thursday. The stock has a market capitalization of $169.47 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82. The business has a 50-day moving average of $294.77 and a 200 day moving average of $271.51. Union Pacific Corporation has a 12 month low of $210.84 and a 12 month high of $315.99.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The company had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same period in the prior year, the firm earned $3.03 earnings per share. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Union Pacific Corporation will post 13.02 earnings per share for the current year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, August 31st. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s payout ratio is currently 45.99%.

Union Pacific Profile

Union Pacific Corporation is a transportation company that operates Union Pacific Railroad, one of the largest freight railroad networks in the United States. The company provides rail transportation and logistics services for a broad range of commodities, including agricultural products, automotive goods, chemicals, coal, industrial products, and intermodal shipments.

Union Pacific’s railroad network serves the western two-thirds of the United States, connecting major markets and ports across approximately 23 states.